Articles on: Trading Essentials

How to Place a Market Order

The trading widget of Altrady allows you to place market buy and sell orders with the click of a button. The market order type in the trading widget lets you manually enter the amount of cryptocurrencies to be bought and sold.

A market order is a type of order to buy or sell cryptocurrency immediately at the best available price in the current market.

In this documentation, you will understand how to:

Place a market buy order
Place a market sell order

Let’s begin.

A. How to Place a Market Buy Order

Step -1: To place a market buy order, simply enter the amount of cryptocurrency you want to order on the buy-side.

Users can also use the vertical spinner buttons (up/down buttons inside the text field) to adjust the amount.

Users can click on the Reset form button if they want to clear the fields.

Step -2: Click on the Place order button to proceed.

Step -3: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.

When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.

When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.

B. How to Place a Market Sell Order

Step -1: To place a market sell order, all you need to do is enter the amount of cryptocurrency you want to sell on the sell-side.

Step -2: Click on the Place order button to proceed.

Step -3: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.

If you still have any doubts, please feel free to chat with our customer support service.

Updated on: 28/03/2023

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